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Incurred Cost Submission: An Overview for Government Contractors

Live Webinar | 05/06/21 | 1:00-2:30 PM EST

Summary

This webinar will provide Government Contractors with an introduction to Incurred Cost Submissions, overview of preparation techniques and best practices, and common mistakes which could lead to scrutiny from the DCAA. Additionally, we will provide an update on the most recent DCAA audit trends. Attendees will learn:

  • Current ICS audit landscape
  • General overview of the requirements of an ICS
  • ICS schedules explanations
  • ICS submission and timeline
  • Common mistakes when preparing the submission and how these could lead to inadequacies and/or inquiries from the DCAA

This webinar will be eligible for 1 CPE Credit in compliance with NASBA Standards. For more information see our CPE Policy


Co-Hosted by:

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Register for the Webinar:

Speakers

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Tetiana Gervis, CPA
Senior Associate, Industry Specialty Services
BDO

Tetiana is a Manager in BDO USA, LLP’s (“BDO”) Industry Specialty Service – Government Contracts. Her experience includes helping clients interpret and comply with the Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulations (DFARS), Cost Accounting Standards (CAS), Davis-Bacon Act (DBA), and Service Contract Act (SCA).

In addition, Tetiana’s experience includes disclosure statement preparation and modeling indirect rate structures in accordance with government regulations, along with preparation of Incurred Cost Submissions and cost impact analyses. She has also provided support during DCAA audits.

Furthermore, Tetiana performed accounting system assessments to criteria prescribed in Standard Form (SF) 1408, estimating system and procurement system reviews for compliance with applicable DFARS requirements. During this process she has also assisted contractors with gaps mitigation that included policies and procedures development and implementation.

rich_wilkinson_copy Rich Wilkinson
GovCon Expert
Unanet

Rich spent more than 8 years as a Contracting Officer with the Naval Air Systems Command and then 10 years in a variety of finance and accounting leadership positions at leading GovCon firms from ManTech to General Physics to CSC. In those 10 years, he implemented accounting systems in 12 different business units of those companies and managed both financial operations and government contract compliance functions.

He has spent the last 20 years in senior leadership roles with a number of very prominent software companies and service providers serving firms in the GovCon sector. In past positions, Rich worked with a business process outsourcing firm, a leading Washington area CPA firm where he focused on contract and accounting compliance, and for more than a decade was a spokesperson and held other leadership roles at Deltek in their GovCon business unit.

Rich currently leads the Sales Engineering & Enablement group at Unanet, a leading provider of Project ERP software for professional services firms.